 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Cadence Design Systems, Inc. (CDNS) develops, sells, leases, and licenses electronic design automation (EDA) software, emulation and prototyping hardware, verification intellectual property (VIP), and design intellectual property (design IP) for semiconductor and electronics systems industries worldwide.
It offers functional verification products, including logic verification software that enables customers to coordinate verification activities across multiple teams and various specialists for verification planning and closure; and system design and verification products for hardware-software verification, as well as for system power exploration, analysis, and optimization.
The company also provides digital integrated circuits (ICs) design products, such as logic design products for chip planning, design, verification, and test technologies and services; physical implementation products for use in place and route, signal integrity, optimization, and double patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry, as well as design for manufacturing products for use in the product development process.
In addition, it offers custom IC design and verification products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and RF designs; and system interconnect design products to develop printed circuit boards and IC packages. Further, the company provides design IP products consisting of pre-verified and customizable functional blocks to integrate into customers SoCs; and VIP and memory models for use in system-level verification to model correct behavior of full systems interacting with their environments.
Additionally, it offers engineering, methodology, education, and hosted design solutions, as well as technical support and maintenance services.
Shares have formed a bullish "cup and handle" following the Company's latest quarterly report. Higher share pirces are expected for this stock.
52-Weeks Trading Range: $17.65 - $23.30
Entry Point: $20.80
Stop Loss: $19.50
Target Price: $22.95
CDNS closed at $22.92.
